Fremont California Real Estate

Posted by admin | Real Estate | Wednesday 6 May 2009 8:19 PM

caFremont, California, is located in Alameda Count and 17 miles NW of San Jose, California. Fremont has a population of 203,413. Though the fourth largest town in the San Francisco Bay Area, Fremont retains its small town, friendly atmosphere. Fremont’s proximity to many Silicon Valley companies, and its own position in the East Bay make Fremont a desirable place in which to live.  Residents enjoy the natural beauty of the area, including sailing on Lake Elizabeth and outdoor sports. Institutions of higher learning include Ohlone College, a local community college. Fremont boasts a highly successful school district and a very diverse local population.

Fremont Homes

Fremont properties pool is 68,237 residential properties including Fremont new homes. The median age of real estate in Fremont is 1975. The average household size is 3.34 people. 3% are one bedroom homes, 14% are 2 bedroom homes, 42% are 3 bedroom homes, 33% are 4 bedroom homes, and 6% are 5+ bedroom homes.

Fremont Mortgage Statistics

Homes With No Mortgage 14%
Homes With Mortgage 86%
First Mortgage Only  65%
First & Second Mortgage or HELOC  21%

Fremont Area Real Estate Tax

Fremont Real estate Tax: Median Real Estate Taxes (2000) were $2,412 comparing to 1999 Median Family income $ 82,199. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Fremont School District: Children make up 25.8% of Fremont population. Fremont has 52,452 under 18 years old residents, or 0.52 kids per one worker, or 0.77 kids per one household.

Fremont Real Estate & Fremont Homeownership

There are 11600.29 or 17% one person households, 20471.1 or 30% two person households, and 13647.4 or 20% three person households in Fremont, California. Median residents age is 34.5, Senior citizens (65+) make up 16,967 or 8.3%% of Fremont population.

There are 100,215 workers (over 16 years of age) in Fremont. Of these, 89.8% drive to work. Approximately 5.01% of workers in Fremont take public transportation. An estimated 1.09% walk to work. There are eight major business districts in Fremont, most of which house technology companies, but also small and independent businesses. These include the Ardenwood Business District and Niles Business District with charming antique shops and ethnic restaurants.

Median Fremont homeowner’s housing expenses are 22.5%

Crime in Fremont (2003), crimes per 10,000 residents per year
Violent Crimes  21.29
Robberies 6.88
Aggravated Assaults 12.63
Property Crimes 279.87
Burglaries 52.06
Larceny-Thefts 190.55
Motor Vehicle Thefts 37.26

Invest in Fremont Properties

When making a decision about buying real estate in Fremont California area, you should consider following statistical data:
Near Medium City
Near Large City San Jose, California
Fremont Zip Codes  94536, 94538, 94539, 94555
Fremont Area Codes 510
White population 47.67%
African-American population  3.1%
Asian 36.95%
American Indian & Alaskan
Hispanic (of any race) 13.47%
Median Family Income (1999) $ 82,199%
Population Below Poverty Level  5.37%

Colorado Real Estate - The Rocky Mountains

Posted by admin | Real Estate | Monday 4 May 2009 2:27 AM

Colorado is the land of the Rocky Mountains and all that comes with it. Located in the foothills, Denver is the central location for Colorado real estate.

Colorado

A state dominated by mountains, Colorado is a popular relocation spot for outdoors enthusiasts. The state offers skiing, hiking, rock climbing, fishing, camping and other activities in the mountains in combination with big city sophistication in Denver. A beautiful state, Colorado experiences the full effect of the four season of spring, summer, fall and winter.

Denver

Located in the foothills of the Rocky Mountains, Denver is a modern metropolis and is growing. Undergoing serious redevelopment, Denver has sprouted a new sophistication with a lively night scene, strong cultural feel and big city sports teams. With a population approaching two million, the Mile High City is experiencing significant growth and is starting to experience the negative aspects of too many people. Still, there are plenty of jobs and the city is a great launching point for experiencing the surrounding mountains.

Boulder

Home to the University of Colorado, Boulder is a classic little college town in both atmosphere and appearance. The town is such a pleasant place to live, many have tried to relocate there causing high real estate prices. With the liberal attitude typical of a college town, Boulder is pricey but an absolutely great place to live.

Steamboat Springs

One of many ski resort areas in Colorado, Steamboat Springs is a personal favorite. Originally a ranching town, Steamboat Springs has a definite western atmosphere complete with Cowboy poetry readings and so on. Sitting in a small prairie and surrounded by sweeping valleys, the area is visually stunning in the winter. In summer, flowers bloom and hiking, mountain biking, camping, fishing, bird watching and practically any outdoor activities are readily available. An absolutely great place to live.

Colorado Real Estate

Colorado is one of the more popular relocation destinations in the United States. Californians, in particular, seem to be flocking to the state to escape the crowds and outrageous costs of living in California. One of the keys to getting a good deal in Colorado is to look just outside of centralized locations. You can easily find real estate at a thirty or forty percent discount as little as five miles out of town.

Colorado real estate prices are highly dependent on the location. Denver is reasonable with prices averaging $325,000 for a single-family residence, while the same home in Boulder will cost you an additional $200,000. Move up into the mountains and you can expect prices to do the same.

The Colorado real estate marketing is currently undergoing a bit of a consolidation process. For 2005, appreciation rates have been a relatively low six percent on average.

Guide to Setting Rental Rates

Posted by admin | Real Estate Rental | Thursday 30 April 2009 7:27 AM

Setting the right rent can be one of the most difficult areas for many people who are investing in rental property. If your property rents out in no time, it could be an indication that you are not charging enough rent. On the other hand, if your property seems to take a long time to rent out, it could be a clear indication that your rent is too high. So, how do you go about setting a rental rate that is in line with the current market?

One of the best places to start is the newspaper. It is imperative that you do some local research to find out what kinds of prices are driving the local market. Location is the most important factor in determining rental rates. For example, a three bedroom, one bath home in one part of town may rent for a $750 a month while another property on the opposite side of town may only be able to draw $500 per month. Most prospective tenants look for convenience when searching for a rental property. They are either looking for a location that is near their work or close to their children’s schools. Neighborhoods that are considered to be trendy or hip can also be a driving factor, as many people like the idea of living in certain neighborhoods.

Of course, the budget of the renter will also play a role in determining how much they are willing to pay and can pay in rent. Due to the fact that most renters have needs that must be filled, especially in terms of space, it is quite common for square footage to also play a role in determining rental rates. This means that larger homes and units will typically be able to rent for rates that are higher than smaller homes and units.

When setting rental rates; however, it is also important to keep in mind that there is a certain point when rental rates can reach a cap. When interest rates are low, if rental rates rise too high, renters will quickly make the connection that it just does not make sense to rent any longer when it could be less expensive to buy a home.

Another way to make sure that you stay updated on rental rates in your local area is to join a local association for landlords. This is a great way to make sure that you keep your finger on the pulse of the local rental market. Emerging trends in the area will affect not only you but also other landlords as well. For example, if your particular area is in an economic slump or even an economic boom then this could have an effect on local rental rates. Make sure you keep track of whether there have been job losses or the creation of new jobs in your local area.

It is also important to keep in mind that basic amenities can also play a role in determining how much rent you can charge for your unit or apartment. Some of the basics expected by most prospective tenants include off-street parking, washer and dryer hookups, dishwashers, etc. If these basic amenities are not available, you may find that you need to either offer something else that would attract prospective tenants or lower your rental rate.

Real Estate Investing and Goal Setting

Posted by admin | Real Estate Investing | Thursday 23 April 2009 11:52 PM

investWhat is the primary reason for success most people have that seems to elude unsuccessful people? Goal setting is the primary reason for success. Lack of proper planning is the number one reason for failure. Proper goal setting involves setting a business plan in place for your life. Too many people this doesn’t sound fun or sounds tedious. In practice though, goal setters have more time freedom, more money, and more success in all areas of their lives than those who don’t. Well it’s no different with real estate investing.

Real Estate Investing must be treated as a business and it requires planning that anyone can do. Much like an airplane pilot who goes through a pre-flight checklist, the real estate investor must go through many steps for every real estate deal. You must market to find the deal, do your research on the property to establish a value, have your contracts ready, make your offer, schedule a closing, have title work done, prepare your financing, get property insurance, etc. The reason the doers make money is because so many people aren’t ready to make money. Real estate investing seems like pie in the sky until you put your plan down on paper and it starts to crystallize. The planning process itself should give you renewed energy.

Before I daily setup my plan I didn’t want to get out of bed each day, but now I get up ready to work on knocking out my plan every day. Set your plan up into baby steps that you can review and knock out every single day. Your daily plan must include marketing to get motivated sellers to contact you. Regardless of the deals you have in the works, if your marketing stops, you will go through long dry spells. Even with consistent marketing you will have periods with few leads and periods where you are just swamped with sellers offering you great deals.

Constant daily review of your goals is critical. This is why so many suggest taping your goals on your bathroom mirror so you see it when you wake up and again before you go to bed. You can even buy giant poster sized post it notes that you can write your goals on and stick them on your wall. Reviewing your goals before going to sleep at night causes your brain to dream about your goals and program them into memory. So put your goals down on paper and start putting your real estate investing plan into action.

Rent to own homes a great tool for your credit repair

Posted by admin | Mortgages and Loans | Monday 20 April 2009 10:05 PM

creditscoreFor people who have a bad credit the rent to own home facility provides solace in the fact that they can repair their bad credit while in the process of buying the house. The rent to own home policy is a good one and helps the buyers purchase a house by renting it first.

Some people choose the option of a rent to own home in order to check out the neighborhood, before committing to the property. But there are other cash strapped people with bad credit for whom the rent to own home is the only way to buy their dream homes, because of the fact that they are unable to get home loans because of their bad credit.

There are a huge number of home owners who have found the home of their choice by the process of rent to own. Leasing the house before practically owning it is fast becoming the preferred choice of transaction among most people.

Suppose you have a bad credit history, then it is really hard to get finance from the banks to buy a house, under such a scenario the only option left is to go through the process of rent to own. In the process of rent to own contrary to the outright sales the buyer does not need to make a huge down payment at first, in fact the down payments are very small indeed. This makes it easier on the pocket for the first time investors as well, and the other fact that bout fifty percent of the rent paid by the prospective buyer is accredited to the rent credit account lowers the price of the house substantially.

People who have bad credit can always choose a leasing option where they have a longer option period , making it easier for them to repair their credit while being in the process of buying the house.

Another important advantage of the rent to own home is that the individuals do not have to worry about the closing costs of the property. This is because of the fact that the buyer and the seller decide on a certain sum of money as the price of the house during the option period and that price does not increase with the ever increasing land prices. So this provides the prospective buyer with a certain amount of stability.

Rent to own homes are a certain way to increase the financial stability of a person, and help him repair his credit. In case you are preparing to go for a rent to own home, it will be a very good idea to get your facts right. Always try to ascertain the ongoing land prices of that area and do not go by the words of the landowner as the general tendency of the buyers is to overprice their property.

Just in case you were wondering most of the times you might be dealing with a real estate investor rather than a bank or a landlord, and there has been instances of unscrupulous people cheating the new tenant buyer by signing a one sided deal.

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